Posts in category Business Standard
StanChart exits CDSL, sells stake; Maruti mcap breaches Rs 4 trn mark (27-03-2024)
The market capitalisation of passenger car major Maruti Suzuki India (MSIL) topped the Rs 4 trillion mark for the first time in intraday trade on Wednesday
Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore (27-03-2024)
Standard Chartered Bank on Wednesday sold its entire 7.18 per cent stake in Central Depository Services (India) Ltd for Rs 1,266 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL).
The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore.
As of December 2023, Standard Chartered Bank had owned a 7.18 per cent stake in CDSL, shareholding data showed with the NSE.
Details of the buyers of CDSL's shares could not be ascertained.
Shares of CDSL plunged 5.58 per cent to close at Rs 1,689 apiece on the NSE..
In a separate transaction on the NSE, Chicago-based Equity International divested a 4.7 per cent stake in Samhi Hotels for Rs 209 crore through an open market transaction.
Equity International through its affiliate company -- Blue Chandra Pte Ltd --
Olympus Capital divests 9.8% stake in Aster DM Healthcare for Rs 1,978 cr (27-03-2024)
Private equity firm Olympus Capital Asia on Wednesday divested a 9.8 per cent stake in Aster DM Healthcare for Rs 1,978 crore through open market transactions.
Olympus Capital Asia through its two affiliates -- Olympus Capital Asia Investments Ltd and Olympus ACF Pte -- offloaded the shares of Dubai-based Aster DM Healthcare on the bourse.
According to the bulk deal data available with the BSE, more than 4.42 crore equity shares of Aster DM Healthcare were sold by Olympus Capital Asia Investments and 45.59 lakh shares by Olympus ACF Pte Ltd of the company.
Around 4.88 crore shares sold represent a 9.8 per cent stake in Aster DM Healthcare.
The shares were disposed of within the price range of Rs 405-406.72 apiece, taking the transaction value to Rs 1,978.35 crore.
As of December 2023, Olympus Capital Asia Investments Ltd owned an 18.96 per cent stake in Aster DM Healthcare, shareholding data showed with the bourse.
Meanwhile, Capital Group through its affiliate SmallCap World Fun
Low-quality stocks trump better-quality peers in FY24, shows data (27-03-2024)
Companies that do not fall in either of 'growth' and 'quality' bracket have delivered median return of 65 per cent.
BSE announces 25 stocks eligible for T+0 settlement cycle from tomorrow (27-03-2024)
Several brokers, however, not yet ready to offer same-day settlement
Reliance Industries rally spurs market bulls; Sensex ends 526 pts higher (27-03-2024)
Reliance Industries rose 3.6 per cent to close at Rs 2,984, becoming both the biggest gainer and the biggest contributor to the Sensex and Nifty gains
Board of JSW Energy to consider fund raising options (27-03-2024)
On 02 April 2024
Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding (27-03-2024)
The initial public offer of SRM Contractors got subscribed 17.40 times on the second day of bidding on Wednesday.
The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer, according to data available with the NSE.
The quota for non-institutional investors received 45.49 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 13.93 times. The category for Qualified Institutional Buyers (QIBs) fetched 2.41 times subscription.
The IPO of fresh issue of up to 62,00,000 equity shares is in a price range of Rs 200-210 a share.
SRM Contractors mopped up Rs 39 crore from anchor investors on Friday.
The SRM Contractors' IPO received 3.56 times subscription on the first day of bidding on Tuesday.
The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activiti
IRFC appoints Uma Ranade as Chairman and MD (27-03-2024)
With effect from 27 March 2024
Asahi Songwon Colors acquires balance 22% stake in Atlas Life Sciences (27-03-2024)
Pursuant to said acquisition of remaining 22% stake in ALSPL, the Company's shareholding in ALSPL has increased from 78% (pre-acquisition) to 100% (post acquisition) and ALSPL became Wholly Owned Subsidiary (WOS)of the Company.